4253 Otter Lake Rd Otter Lake, MI 48464
- Mixed-use properties
- 6,900 SF
- 127.98 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 4253 Otter Lake Rd
- Year built
- 2019
- Lot size
- 127.98 lot acres
- Property size
- 6,900 SF
- Property type
- Mixed-use properties
- Property subtype
- Industrial properties
Description
This exceptional turnkey mining operation in Otter Lake, MI, presents a lucrative investment opportunity. The property encompasses 127.98 acres of land zoned for agricultural use, boasting over 10 tons of aggregate reserves, ideal for topsoil, sand, gravel, or stone extraction. A 6,900 square foot, three-story building constructed in 2019 is included, featuring five loading docks, six dock-high doors, and a remarkable 48-foot ceiling height. The building's versatile layout includes a reception area, maintenance and storage bays, a conference room, and living quarters. Over $1.6 million in equipment is included in the sale. The property is currently operating as a business, offering immediate revenue potential. The APN is 013-010-011-10. The sale includes the building, land, equipment, and existing business operations. Occupancy is available December 5th, 2024. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential. The asking price is $5,750,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Otter Lake
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.4009
- Latitude
- 43.2174
